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a lot of business interests in russia a single cent. in germany an awesome friend sent me this was the sanctions area and i come back to inti into the hat the eu and the degree of greenwich in the us has less at stake in the eu and the thing kept a journal has to say once again cnn's dutch bank that france has you add it to be a match except that each run shot to be improved if the sanctions were doing on the wrong manner and they're pushing one step too much they can be like no one on your neck shrink and it's bringing the total stock market as well. santa clara markets treatments. we can market disliked i know we live in the globalized world where china and russia. a lot more corn and hot gases and this is the chili stew because europe is really not found a good replacement for whatever gas whatever energy to getting from russia that has a lot of talk about ramping up nuclear development even in germany which has sworn off to the development their talks with france about a new energy future which has got to include nuclear few talking about france. so until the console i
the conversation isn't the same in germany as it is in france dominated. what good is also tradition of action awesome photo today what is happening but said he would need is a very different economic situation bend and fonts. i remember about a month and invited him to be at an ad and its political arm of the grand coalition that. yes but that nothing in terms of condition has improved in the last months the radiation because the between the participants the soonest and this movement and its bbb their long term contracts to know each other since long time not going to cost it up so that helps but didn't. i was in two thousand at the conference where have the intention was upping the dominion funds needed to read it lacks times of yore i doubt that the tapes to dvd tape so the unions stable country who took it off to success on the true doctrine um i think at the moment they're quite happy that germany had it not because of gas today has been a wreck or something since tricky to use the lowest unemployment figure is therefore in april it's not two points to nine million baht. it's just too muc
with the japanese prime minister shinzo ave is in germany right now at the start of the european tour. japan's prime minister has come to europe for a ten day visit and berlin is the first stop on his itinerary. thompson the german capital are focused on trade issues but also on ukraine. the fate of western hostages was among the first questions at a joint press conference with chancellor under the mantle once the gardens and wine made from north of the detainees and their families. we are doing everything on comp and i get the impression that the ukrainian government and the oecd also doing what they can eat it all. i can only hope that these combined efforts lead to success let them go. metro said russia's president vladimir putin must take action to de escalate the situation in eastern ukraine. the german leader said ukraine's elections scheduled for may twenty fifth must also go ahead she's a lot they described the crisis in ukraine as a global problem. japan has also extended its sanctions against russia. both leaders agreed more economic sanctions will follow if the kremlin does not take meani
. germa germany seem siemens isn't accepting that bid. >> reporter: they can solicit unsolicited bids. to that end, siemens is ready to sweeten an earlier bid, offering to swap some not all of the power assets along with cash. they called ge's offer compelling, alstom has untildown kd 2nd to make a decision. it would then seek approval of the company shareholders as well as the labor board. alstoms largest expects if offer. if approved it will immediately add to the companyings earnings eight to ten cents a share. it will mean that 75% of ge's operating mar jens will come from its industrial operations by 2016. that's important because it's targeted 70% of margins from industrial operations. so that allows it to exceed that goal. it sees $1.2 billion in cost savings. the therm am renewables and businesses would be the biggest acquisition of the ceo's 13.5 year tenure. in a statement. they say it furthers ge's strategy of expanding into industrial businesses leak power and water. now, when news of the ge bid first leaked, alstom is considered an industrial treasure. politicians were al
said that germany and france share similar social and political economies and it would be much easier for france to intervene with a german company then it would be with a u.s. company. that says a lot about his attitude towards what they call anglo-saxon capitalism. >> this is something we have seen over and over again. the left-leaning side of the socialist party. how should we take these comments? >> for readers and viewers who are not familiar with french politics, it is important to note that the socialist party has always had a business wing and a hard left wing. universe, nate montebourg is very much on the left. there are competing strands in the socialist party and we saw that on monday, when the government tried to walk back much worse comments over the weekend about favoring siemens. there is a concern about being seen as close for business, hostile towards investment. the fact that ge has gone far enough to announce what they have announced today suggests that the business wing is one that is round, at least for now. >> thank you very much. >> shares of sale are coming thi
recycling plant as well in germany. where does this leave the aluminum sector now? the prices are almost half in 2008. we have massive overproduction. >> we believe that -- actually we use the word cautiously optimistic now. what we see for the better part of 2014 and also into '14 is that we see aluminum demand outpacing aluminum production for quite some time now, which is a new situation we haven't seen for quite some time. with that being said, i think it is important to note that we do have a huge inventory and the industry is such that we'll have to come to the market at some point in time. just the fact that production is now lower than demand is a good situation for the industry. >> i suppose this is about demand outside china. how much does china impact, when you talk about demand outside china, talk about demand inside china. >> we believe china will be self-sufficient on primary production. we have said that for quite some time. we believe the industry very much concurs with that. we saw china back within we had the financial crisis quickly adapting to lower demand in their co
countries right now. really pushing hard to germany and france. kate mavs is not just a british style icon. she is a worldwide famous face. she has helped launch -- kate styles not just a british icon. she is a worldwide famous face. she has helped launch many -- i think it was in 19 [indiscernible] at the tender age of 14. this is why this is all about kate moss the business. she rates and 12 million pounds. gather inre tax x i >. collection good >> there was a stampede to get in when it was unveiled. people were snatching dresses off the racks. in the likes of -- there are many tactics. u.k.ct, if you're in the or from the united states, all of the designs of kate moss from nordstrom, it will be out before the rest is out good you can go online and start ordering. it will be interesting to see how many are there for ebay. still buy some of those dresses for 130 pounds. she does seem to be a bit of an icon. it launches across the world later. back to you. >> thank you. i look forward to that. think the the people strategy was to drink wine. [laughter] i'm sure that something a dangerous c
truly because when you look in the balance of trade with germany vs eu. it's about equal. when you look at value of goods germany exports to the u n in imports from you in there about the same town where germany has been good is in the exporting of view of the asian markets and off you know that exploiting bills market opportunities which to me don't seem so much to be constrained by cost. it's not cost that blocks you from delivering high quality goods to china to cost. it's not a question of the german labor costs than has any impact on animal machine tools that are exported and high prices to china square is to europe there is a balance of goods exported to europe and imported from europe. when you look at it between germany it's not easy. back to the question belt tightening. many of the left of the socialist party staying away from the vote this tuesday for saying that they would abstain. when lily white and one cleaned up finances with sluggish great but nor do i want to kill spent and household purchasing power or investment in the region is expected of them. sen wanted diet heal
supply as thirty percent of europe's gas needs. most of which goes to germany the kremlin is often accused of using gas prone to achieve its foreign policy goals. oh short time ago we spoke to dw corresponding right to aid in moscow master if europe should consider this a real threat to gazprom. quite a serious warning at least that is also what experts here in moscow. tell us it is an official warning from the kremlin and gazprom ce year in second base after topping is very import since you're action on saturday regarding the sanctions that led us around a couple of weeks ago my pt sent a licensee european league is reminding them that that ukraine was this very important and transatlantic for russian gas to ukraine was owning a rush oh one and the hoff billion euros of money just for gas and she also said that russia had some courses in ukraine with the subsidies for a gas and a net value of two and twenty five billion euros. it's not just about money there too she once that money of course but he also must be very frustrated about the fact that all the subsidies another cab to u
much more pain than germany. in that sense, the west still has some real cards to play. >> do they have the guts to play them? >> that's an excellent question. >> by renouncing the use of military force, i think the president has undermined his own diplomacy. sanctions are a powerful weapon but russia is a lot bigger than russia -- then i ran -- is a lot bigger than iran. >> there is an institutional malaise, governments are too large and spend too much money. there are people who disagree with you. in your opinion, who is the most dangerous economic thinker writing today? >> i'm going to be extremely careful about answering that. >> you've never been extremely careful to date, why start now? are you kidding me? >> it is important not to personalized debate. the economics profession has a lot to answer for. there have been flawed models that led us into a financial crisis that hardly any professional economists foresaw. they tend to think the world is some kind of machine they can model. that has led us into all kinds of policy errors and wrong diagnoses. i won't name any in particular
a two-day meeting today and europe is up across the board led by the dax in germany. our road map goes like this. a day we here at cnbc has been counting down to. our official first 25 list of rebels, icons and leaders unveiled this morning. we'll bring you the ranksings. >> merck shares are higher in the premarket after it beat the street despite some generics cutting into revenue and reaffirmed full-year guidance. >> coach shares lower in the premarket. women's accessories taking a lit despite earnings coming in ahead of consensus. first up, the list is out, this morning cnbc has unveiled its first 25 list as we celebrate 25 years on the year. the people who have had the biggest impact on business and finance over the last quarter century. the top 5 is led by steve jobs, followed by bill gates, ben bernanke, alan greenspan, the google guys, written, page and schmidt and jeff bezos. on "squawk on the street" we'll have interviews with two of the first 25, starbucks ceo and chairman howard schultz going to sit down with jim and david has hewlett-packard's ceo meg whitman later on in th
a strong euro run parody of germany taking back towards that mandated two percent, at least in germany. the big one for the eurozone comes out tomorrow. and itget low inflation moves gradually back towards target? look for tomorrow's number for any indication of that. europe surges-other day. up by 6/10. plenty of m&a and corporate activity to talk about. $1 trillion worth of bills so far. if you look at earnings, not so good. 44% of the companies on the stock 600. only 40. 4%. you can see the pessimism around you is earnings. so far. missing european stocks are higher. european futures are higher as well. >> jonathan ferro, thank you very much, indeed very >> earlier, we looked at how bp's business in the country could be affected. now, let's look at a different side effect, possible side effect of sanctions. ceo.e joined by christie's he joins us for an exclusive conversation. his gray chevy here. thank you for coming in. soon.a bit too next week we have our impressionist sale in new york city. our impressions right now is that there won't be that much change in the activity of our k
's stronger than what france can do. it means that europe must have a strong growth everywhere, in germany, spain, uk, to go to converge to this target. >> do you think the french economy would be able to benefit from the growth from other countries? >> that's one of the targets of the plan is to say we tried to improve the company's situation and in that case, it will be both to capture the eurozone trajectory. that's the target of the government. >> phillip, when we tried to reform the french economy, there's always something funny or perhaps even worrying. the best reform in france is always the one that is not impacting myself. so french people are reluctant of the impact of the reform. >> it's mostly everywhere always the same thing. it's always better when your neighbor is changing its mind in this situation. what we see and what is important currently in france is that gdp per capita growth, it means that what you earn is what i lost. there's one winner, one loser. and that's why it's practically difficult at this moment of the cycle. that's why manuel vass ask ed, o try to make thi
hans nichols joins us from germany. >> futures are hot. .t was the activity in m&a0 it will be about the data points. forronger gdp, a bigger day data and affects. >> it certainly well. we'll have to watch. you are watching bp sanctions. >> as a reporter first -- they reported results. they bumped up the dividend. their smallest increases the gulf spill. whattors on the whole like they are hearing. the big issue for bp is a they cannot catch a break. 4 years and nine days after the gulf spill him a they have a another big problem. it is called russia. are watching deutsche bank. we have had earnings. up aancine, wrapping conference call. he will not rule in or out any capital increases. a great deal of reporting over the week, the past week they have to were inspired billion in a new shares. revenues were down, profit was the dow. it was a beat on the numbers. would take a closer look. -- profits were down. -- we will take a closer look. months, back to microsoft. with the purchase of the phones or units. nokia have announced that rajeev suri will be taking the helm.
the contours of his huge industrial company in germany. they're about to announce that next wednesday. for them, it is really a fly in the ointment. i'm interested to see whether tomy do get that bid for als coming from siemens at all. these giantsh of will have the chance of winning? >> according to people who are boardg to alstom, their is leaning more towards ge. there are couple of reasons for that. you have less industrial overlap that you would with the german company. ant for import francois hollande. for him the most important thing is jobs and maintaining operations in france. energy policy ways on the government as well. in germany you have an energy policy where they want to scrap nuclear. france you have nuclear supplying 70% of their electricity. the final if you look at all of this is it could come down to the politics. when you ask a have to sell one of these big companies, it could be easier for france to sell a siemens offered that it would be for ge. snubfrance really want to the united states? it is a balancing act there. >> and people think of monaco, they think of casinos,
to death in egypt following a mass trial a battle royale french industrial giant. germany's siemens or us conglomerate ge what lessons are on to the ukrainian city of donetsk in the east where pro and anti russian activists adult in the streets leaving fourteen people injured some seriously as the situation in eastern ukraine becomes more volatile the united states and the eu have unveiled a new round of sanctions against russia. targeting top government advisors and the number of companies of these new sanctions were milder than men in moscow had feared. washington says the kremlin is not doing enough to rein in separate groups another building seems to be more barricades going on a pro russian activists in the town of content in each cup about what a find the latest conquest on monday it was another sign that the separatist movement in eastern ukraine remains undiminished. brussels european union ambassadors scampered to discuss additional sanctions against russia which the eu and usa is actively backing the rebels. washington has expanded its own list of sanctions which now include exp
siemens of germany. >> they stepped in. >> they want to create a deal that creates to european japanese instead of ge taking over. audience withe an the french president. is he going to wear dartmouth green tights? an audience? >> with a president whose approval rating is similar to that of our own president. i think it is bizarre. >> there is breaking news. will take on it more customers. this a top headline. they will divest almost 4 million customers. charter reap -- reports earnings later. >> no more headlines this morning. what else do we have? the yankees won. >> moving onto politics, war sanctions against russia over the crisis in ukraine. president obama says the u.s. and the eu will announce them later today. he spoke after arriving in manila as part of his asia trip. forwarde going to move with an expanded list of individuals and companies that will be affected by sanctions. they remain targeted. areas ofocus on some high tech defense exports to russia. we don't think they are appropriate to be exporting in this kind of climate. military has started exercises on the ukraine bo
if we have shown the stock, but you can see that trading slightly up, 31.02 is the number. and germany's british consumer giant ricket is said to be among the final contenders. merck's cop summer unit is best known for coppertoen sunscreen and claritin. >> for rickets. >> for rickets? >> yeah. >> thank you. i know where you are going with that. >> i'm not going anywhere. i missed you. i i am just glad you are here. i'm glad you are not in the seminary here, which would be a shocker. anyway, that was a big day. >>> we have another big deal. this is a european situation. >> you go up against the -- over here we might be a little bit nationalistic about some of our companies, like i didn't want the bacon. and bacon is like $12 a pound now. you don't have to say i was right about that, but we didn't want to sell smith view. nothing happens with the final say. >> it's always been that way in france. >> i know. i'm not surprised. >> this is just like welcome to france, welcome to the world. >> they didn't want to sell yogurt. now this is the crown jewel of the industrial -- do they have anyt
the deputy foreign minister of germany is what the eu is likely to do is expand that list of sanctioned individuals they have by another 15 people. no companies that we know of yet. basically, more so-called stage to sanctions. >> who is going to be hit? >> from the u.s. sanctions, we heard from president obama earlier today talking about going after high-tech military aports, that would suggest company that exported $16 billion of russian weapons last year. >> ryan, thank you so much. ryan chilcote with the latest on these possible extra sanctions. we are back in a couple of minutes. ♪ >> welcome back. let's talk about the currency markets. euro/dollar spiking higher. reasons for this, a bunch of m&a today. you have got u.s. gdp this week. you have got the fed this week. there is talk as well that various russian entities may be looking to exit the ruble. there are various permutations about how you do this. all of this in aggregate could be affecting the dollar today. as you can see, a big spike earlier on. trading 1.3875. coming up, ge versus siemens in the battle for alstom. the h
. a big move in astra's shares, one of the top on the ftse, 14%. pfizer a slight bit higher in germany today. katherine boil is joining us with more on that. there's been a lot of discussion behind the scenes, is the next offer going to be a hostile one? >> well, it looks like pfizer is very much taking that tone with the statement today saying they made a couple of efforts to engage with astrazeneca management and they are not engaging back and are going directly to shareholders. what we have to see next is how much of a sweetener they are coming back for the shareholders because actually, if you look at astrazeneca shares today, they are trading close to the initial offer price made back in january. so pfizer definitely is going to have to add a little bit more to that to see shareholders really respond. >> no doubt the hedge funds are snipping around this deal already, but when we talk about the hostile approach, these are much more difficult to get across. but you have a backdrop where big farmer is on the move with the hallowed activity out there. do you think it's us is taped for
audience for ge's ceo and a rival bid from germany's siemens. settles a remarkable three-day scramble. hans nichols is in berlin to break down oust him down -- break down alstom's choices. are they going to be open on friday? >> they will not be open until wednesday. they have until then to , oneerate over one bid formal offer. it comes down to one crucial question. here is the ceo of an american company. do you ask for permission from the french government first before putting out that big? jeff himmel had the conversations with alstom. his board has approved it. then the french government got wind of it. today, he has a meeting with french president for an swap along. -- francois hollande. did he oron there is, should he have contacted the french state before he started getting everything in line? what has happened in the meantime, siemens has put together a rival bid. this is an asset swap. siemens would take the energy unit from alstom and give them the train unit. they are prepared to make guarantees for no job cuts for at least three years. it would make france the leader of rail and
of germany from the dasm which was down 2%. and of course germany is most exposed immediately through the situation in ukraine. sanctions will perhaps hit russia. >> the energy more than anything else. >> as much as energy. germany exports an enormous of its good through russia. there's a close economic relationship. and if you start disrupting that then a major source for income for germany is being disrupted. so that's an issue. >> there's a close economic relationship. and if you start disrupting that then a major source for income for germany is but what really? s it really pay-back time as russia would like to put it because of what happened in the 90s and the collapse of the soviet union that we were allowed to go in and take over places of raugs russian strategic influence and was able to do that fairly in a cavalier way that now it's time that mr. putin says enough is enough? >> i worked in germany in that period of time. and was there in 1990 when german unification came about. and the soviet union collapsed. and nobody at that time would have imagined that nato would extend
's one in germany. there's only two really that would be available. >> thank you so much for your time. appreciate that. >> all right. >>> a teenager was stabbed to death in the stairwell of her high school on prom day. the stunned student body and police. they all want to know why. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> investigators in connecticut are trying to figure out the motive behind a deadly attack on a 16-year-old honors student. it happened yesterday at a school in milford. just about 20 miles away from newtown. police say a classmate slashed maren sanchez to death in a school stairwell. this is heartbreaking. what happened? >> she was a very popular girl. we're hearing a lot on social media from her friends and family. at about 7:00 a.m. this all unfolded in the stair
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